FCA Adds BECFD, SW1 Options to Warning List
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FCA Adds BECFD, SW1 Options to Warning List
The United Kingdom’s Financial Conduct Authority (FCA) today shed light on an unregulated FX firm representing itself as BECFD, which has come under scrutiny by the watchdog for offering a variety of currency trading services without the required authorisation.
The watchdog warned that this firm has no association whatsoever with any FCA-licensed entity and added that it was flagged for operating and targeting UK citizens without a license. The FCA pointed out that the company is based out of an undisclosed jurisdiction while soliciting its clients using the website www.becfd.com.
The FCA has also added a new binary options brokerage to its ... (read more)
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